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10954 Fairmont Ln
Ellicott City, MD 21042
$949,990
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
--
Property Description
OFFER DEADLINE MONDAY 6/3/24 AT 5 PM. Please NOTE: Seller reserves the right to accept an offer at ANY TIME!This Keelty former model home was and always will be the talk of the town!! Come see this immaculate three bedroom three full bathroom one half-bathroom side entry house with 10-foot extensions on all three levels. Once through the front door, you will be greeted by beautiful hardwood floors and 9 ft ceilings. Make your way past the foyer and you will find the grand dining room and cozy living room with a gas fireplace. Adjacent from there you will find a kitchen with upgraded cabinets, decorative backsplash, a double wall oven, a gas cooktop, and an eat-in island. Right next to the kitchen is an extension area that has access to the backyard and 16X10 deck. As you make your way upstairs you will notice the natural oak steps, decorative metal balusters, and elevated ceiling. Once you arrive at the top level you will be taken in by the open loft area which provides a versatile second living space with just enough privacy between the Primary bedroom and the other two bedrooms. To the left are two generously large bedrooms and one full bathroom with a double sink vanity, a tub shower, and a roomy linen closet. To the right of the stairs is the laundry room and the Primary bedroom. The primary bedroom showcases a tray ceiling and two walk-in closets. Now let's not forget about the Primary bathroom with a soaking tub, stand-up shower, and double sink vanity. Make your way to the basement and you will find an open area perfect for entertaining, a bonus room with dual entrances offering flexibility for a guest room or home office, a full bathroom, and not one but two storage rooms. In the end, this house is a perfect combination of modern design as well as practical functionality.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2014
MLS Number
MDHW2040372
Location
Address
10954 FAIRMONT LN
City
ELLICOTT CITY
State
MD
Zip Code
21042
County
HOWARD
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Rockville Centre
Office Phone
(888) 536-0216
Agent Name
Abteen Teymourtash

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.